SHANGHAI, China (December 21, 2016) – International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. (Shenda) today announced the signing of a definitive agreement to form a global joint venture (JV) partnership to supply soft trim and acoustics products to automotive original equipment manufacturers (OEM). A UK affiliate of Shenda will acquire a 70% stake in the UK-based JV based at an enterprise value of USD $570 million.  IAC will maintain a 30% interest.  The JV,…